Siemens Boasts Record Gas Turbine Demand
Record demand for gas turbines has pushed Siemens Energy’s order book to an all-time high as well, amid soaring electricity demand that, it appears, cannot be entirely met with new…
US Crude Oil Inventory Build Pressures Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a whopping 13.4 million barrels in the week ending February 6, and more than…
German Oil Refinery Sounds Alarm Over U.S. Sanctions Risk
Germany’s uneasy energy truce with Washington is starting to fray, and the pressure point is a single refinery that keeps Berlin moving. Managers at the PCK Schwedt refinery, majority-owned by…
USA Allows Oilfield Contractors to Go to Work in VEN Fields
The US government issued a general license to allow oilfield-service companies to work in Venezuela as the Trump administration eases sanctions and pushes to rebuild the nation’s crude infrastructure. The…
